Lithium Related Media Articles, page-23104

Hi @Prem
Yes you are exactly right on both things.
1) graph comparing KV deposit to I think a 10 storey building??"
2) asked the question that there is more to the deposit and TG answered “We have found enough”

The first one, I was actually saying it was 14 storey building size of very high grade pegmatite (43m 3.1% Li2O). We will be much better than Greenbushes soon, in terms of recoverable high grade ore, process recovery rates, impurities and technology of the plant,..

Not to mention the mine life. As I explained many times Greenbushes can't make any more expansion and will run out of high grade ore around 2031. Only 7 years to go. KV has more than 23 years. Even the "experts" in the market don't understand this bad situation of GB mine.

LTR has a lot more high grade ore at KV project, undrilled and unexplored. The management know that. ALB and maybe Gina know that too. The high grade pegmatites are still open at depth, north-west and north.

It was the case with PLS too. After more than 5 years they started production they discovered high grade pegmatites there.

That's not issue for us. TG know that well. The issue was setting up the mine and getting into production.

Now we have done that. The hard part is now behind us. After this it will be easy.

My Post #:43041994 on Feb 20 2020.
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Drilling continues until mid March, strike length now 1700m) and higher grades are being achieved (43m 3.1% Li2O)...

This is getting better and better all the time.
Where is the end?
I don't know.

The exploration at KV project has still a lots of potential and may make a lot more surprises. Very interesting and exciting indeed.

I don't know if people can imagine what is scale of the 43m @3.1% Li2O pegmatite which is reported today. Here it is below, a 14 storey building, roughly at 42m height. Imagine it as a spodumene bearing (@3.1% Li2O) pegmatite. And that goes hundreds of meters as a layer under the ground. You are cutting it and send to the plant.

We are talking about 175mt, 200mt, etc. However the grade is more important. We are getting better grades here. It is now increasing the Li2O content of deposit.

We have 139mt at 1.33% (not 1.30%). I can see that will increase to 1.40% easily by these high grade intersections. Together with the tantalum credits we will be able to reach the value of Earl Grey Deposit which was valued at $545/t.

My target value for this deposit is at least $1 billion. Or 63c per share.



For the second things you asked. Yes I asked that question to both David Richards and Tim Goyder at the AGM on Nov 25 2020 and they said the same thing;

I explained the high grade section extension Post #:48091804 on my post on Oct. 14 2020.
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Lithium mineralisation extension drilling required fields (My modification by yellow arrows) IMO;


Lithium mineralisation extension drilling required at the center area (My modification by yellow arrows and wording) IMO;


My Post #:49145807 on Nov 25 2020.
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I was at the AGM today. The process was as usual. Not many questions asked.
...
I want to mention couple of things here. These were talked after the meeting was ended.

I asked to David Richards; "What happened to drilling of KV, you told you were going to do some small drilling"
He said "We have already drilled, that was couple of drill holes, for the purpose of geotechnical and also for transferring some reserves from one to the other".

I asked "but we have a lot of high grade ore there, it's still open to north and depth, if we'd drill more we'd be close to 200mt."

He said "We have enough, we don't need more"

I asked the same question to Tim Goyder and his answer was exactly the same.